India's economic boom resembles 2003-07: Morgan Stanley
"We are now seeing early signs of private capex gaining momentum," says Morgan Stanley.
"We are now seeing early signs of private capex gaining momentum," says Morgan Stanley.
Private investment nosedived from 16.8% of the GDP in FY08 to 10% in FY22 (latest available data).
Capital investment by the private corporate sector is beginning to kick in despite several shocks coming in one after the other, says CEA V Anantha Nageswaran.
Indian non-financial private sector debt and non-financial corporate debt as a share of GDP declined by nearly thirty percentage points in the last decade
According to the RBI, the gross NPA ratio of all scheduled commercial banks may increase from 7.5% in September 2020 to 13.5% by September 2021, and even escalate to 14.8% in severe stress scenario.
With their balance sheets fairly cleaned up and a steady third quarter, banks will be at the forefront of earnings growth in FY20, believe Ambit Group’s Ashok Wadhwa and Nitin Bhasin.